Tronox Holdings PLC (NYSE:TROX) Receives $6.60 Average Price Target from Analysts

Tronox Holdings PLC (NYSE:TROX) has been given an average rating of “Reduce” by the twelve research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.60.

TROX has been the topic of several analyst reports. Mizuho raised their target price on shares of Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a report on Monday, March 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. UBS Group boosted their target price on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. The Goldman Sachs Group downgraded shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 target price for the company. in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 target price on shares of Tronox in a research note on Tuesday, January 27th.

Insiders Place Their Bets

In other news, CEO John D. Romano sold 101,600 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.59, for a total value of $669,544.00. Following the completion of the sale, the chief executive officer directly owned 1,473,740 shares of the company’s stock, valued at approximately $9,711,946.60. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Flood sold 8,008 shares of Tronox stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.58, for a total transaction of $52,692.64. Following the completion of the transaction, the insider owned 92,861 shares in the company, valued at approximately $611,025.38. This represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 172,711 shares of company stock valued at $1,145,137. 2.00% of the stock is owned by insiders.

Institutional Trading of Tronox

Hedge funds have recently added to or reduced their stakes in the stock. Shah Capital Management grew its holdings in Tronox by 650.0% during the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after acquiring an additional 2,600,000 shares during the period. Citigroup Inc. lifted its stake in shares of Tronox by 693.0% in the third quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock valued at $1,886,000 after purchasing an additional 409,902 shares during the period. Counterpoint Mutual Funds LLC lifted its stake in shares of Tronox by 887.3% in the third quarter. Counterpoint Mutual Funds LLC now owns 689,150 shares of the company’s stock valued at $2,770,000 after purchasing an additional 619,351 shares during the period. Algert Global LLC lifted its stake in shares of Tronox by 47.7% in the third quarter. Algert Global LLC now owns 1,712,187 shares of the company’s stock valued at $6,883,000 after purchasing an additional 552,845 shares during the period. Finally, Inspire Advisors LLC lifted its stake in shares of Tronox by 20.2% in the third quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock valued at $2,222,000 after purchasing an additional 93,012 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Trading Down 6.3%

TROX opened at $8.00 on Wednesday. Tronox has a 12 month low of $2.86 and a 12 month high of $10.59. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.74 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.67. The business has a fifty day moving average price of $8.71 and a 200 day moving average price of $6.39.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The firm had revenue of $760.00 million during the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned ($0.15) EPS. Sell-side analysts expect that Tronox will post -1.18 earnings per share for the current fiscal year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.5%. Tronox’s payout ratio is -6.85%.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.